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Farmland prices soar, making it even harder for young farmers to break in and grow

Farmland prices soar, making it even harder for young farmers to break in and grow
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Iowa state universityUnited statesSandy helgesonBen rienscheDavid oppedahlHolly rippon butlerReid thompsonLucius phamJoel ambroseRandy dickhutWendong zhangFarmers national companyFederal reserve bankNational young farmers coalitionFederal reserveLucius pham farmers national company

Midwest farmland values remain elevated in the Second Quarter

Farmland values for the Seventh Federal Reserve District rose 22% in the second quarter of 2022 from a year earlier.

United statesDavid oppedahlUs department of agricultureWisconsin stateSeventh federal reserve districtPersonal consumption expenditures price indexFarm credit system

Agriculture news Millennials getting priced out of farmland market

Agriculture news Millennials getting priced out of farmland market

United statesPat spinosaDavid oppedahlDaniel grantFederal reserve bankIllinois society of professional farm managersIllinois societyProfessional farm managersIllinois farm business management

Increase in farmland prices are keeping millennials from the market

Younger generations, who have fewer resources compared to elder farmers, face another barrier to enter the ag industry as farmland prices surge.

Logan countyUnited statesPat spinosaDavid oppedahlFederal reserve bankIllinois society of professional farm managersIllinois societyProfessional farm managersMental heath advisoryIllinois farm business management

Iowa farmland values shot up 28% from April 2021 to April 2022; Illinois values rise 18%

Demand for high-quality farmland has forced prices for acres to new highs, according to the Federal Reserve Bank of Chicago s AgLetter for May.

United statesIowa state universityScott countyDavid oppedahlBryan sieversKirk mankerWendong zhangFarm credit services of americaFederal reserve bankIowa farmland valueSeventh federal reserve districtSouth americaSeventh districtState universityIowa farmland value surveyFarm credit services

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